An attempt to sell insolvent KVV Liepajas Metalurgs companys electric steel casting plant along with its equipment failed today as the auction drew no bidders, the companys insolvency administrator Vita Dika told LETA. At two other auctions selling the steel companys property, EUR 82,000 were raised by selling a property in Liepaja at 100B Brivibas…
DetailsKeith M. Phaneuf / CTMirror.org file photo House Minority Leader Themis Klarides and Senate Republican leader Len Fasano A new state plan to pay off nearly $550 million of Hartfords bonded debt led some legislators Wednesday to consider reducing other forms of aid to the capital city. Asserting the plan never was properly authorized by…
DetailsGet into the habit of budgeting early. Students can start tracking their spending patterns with an app (such as Mint.com) or through a spreadsheet. “College is a transition from a sheltered existence to the real world,” Kantrowitz said. “It’s a good time to learn how to manage money.” The Department of Education pays the interest…
DetailsPatricia Simpson (left), Heidi Campbell, two of the team who set up a stall at Glen Innes court to offer advice to those who may have fallen foul of the court previously. Lawyers have been touring New England offering free advice to people in financial trouble. They set up stall on the steps of the Court…
DetailsIn a slew of decisions, Sebi on Wednesday changed the way Indian companies will do business. From accepting most of the Kotal Panel recommendations to slashing charges for mutual funds schemes, here is the list of all the decisions taken at the Sebi board meet. The Sebi Board met in Mumbai on Wednesday and took…
DetailsThe court appointed Vita Dika as the new insolvency administrator for the insolvent Latvian steel company KVV Liepajas Metalurgs, the Kurzeme Regional Court reported. Dika, a certified lawyer, is currently serving as an insolvency administrator of a number of other companies. As reported, the Kurzeme Regional Court on March 21 removed Guntars Koris as…
DetailsIts been another volatile trading day with investors adopting a cautious approach in contrast to yesterdays strong rebound. Europe The focus continues to be on the US tech story and this is weighing on any attempt to push higher for European stocks, which have remained under pressure albeit above their recent lows. The FTSE 100…
DetailsDeccan Chronicle Holdings has received an additional 87 days to wrap up its insolvency resolution process beyond the 270-day initial deadline, on account of litigation. The Hyderabad bench of the National Company Law Tribunal (NCLT) has extended the time for this till July 10. The Hyderabad Bench of the National Company Law Board, without…
DetailsMumbai, Mar 28 () Markets regulator Sebi today said it plans to amend norms pertaining to minimum public shareholding and other provisions as well as put in place additional disclosure requirements for listed corporates undergoing insolvency resolution process. After approval from its board today, Sebi has come out with a discussion paper on compliance with…
DetailsOne of the main issues with the erstwhile Board for Industrial and Financial reconstruction (BIFR) was that the cases were taking ages to be resolved. During its life of 29 years, BIFR has managed to turn around some companies but a significant number of sick companies managed to turn only sicker. The Government dissolved it…
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